M&A Deal Summary

Converge Technology Solutions Acquires 1CRM Systems

On March 1, 2022, Converge Technology Solutions acquired software company 1CRM Systems

Acquisition Highlights
  • This is Converge Technology Solutions’ 4th transaction in the Software sector.
  • This is Converge Technology Solutions’ 5th transaction in Canada.
  • This is Converge Technology Solutions’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2022-03-01
Target 1CRM Systems
Sector Software
Buyer(s) Converge Technology Solutions
Deal Type Add-on Acquisition

Target

1CRM Systems

Victoria, British Columbia, Canada
1CRM Systems specializes in cloud software solutions that equip small- and medium-sized organizations with integrated business information while improving their cost model and streamlining their internal business processes. 1CRM Systems was founded in 1997 and is based in Victoria, British Columbia.

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Buyer(S) 1

Buyer

Converge Technology Solutions

Toronto, Ontario, Canada
Category Company
Sector Information Technology
DESCRIPTION

Converge Technology Solutions Corp. is a provides a platform of regionally-focused Hybrid IT solutions providers to enhance their ability to provide multi-cloud solutions, blockchain, resiliency, and managed services. Converge Technology Solutions is based in Toronto, Ontario.

DEAL STATS #
Overall 25 of 33
Sector (Software) 4 of 4
Type (Add-on Acquisition) 25 of 33
State (British Columbia) 1 of 1
Country (Canada) 5 of 7
Year (2022) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 VisuCom

Walzbachtal, Germany

Visucom partners with clients in education and the public sector by offering data video projectors and the installation and maintenance of blackboards. The company is a trusted supplier of professional screens, interactive blackboards, loudspeakers, cameras, projectors, displays, and media controls. Visucom was formed in 1987 and is based in Walzbachtal, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 InterDynamix Systems

Edmonton, Alberta, Canada

Interdynamix is a provider of an equal parts solution engineering and business consulting services. Interdynamix was founded in 1995 and is based in Edmonton, Alberta.

Buy -
Mergr

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